Completed Development AidData Chinese Aid

China Development Bank provides $50 million line of credit agreement to Southern African Trade and Development Bank for on-lending purposes (Linked to Record ID#59592)

$50M USD

Funder	China Development Bank (CDB)
Recipient Organization	Eastern and Southern African Trade and Development Bank (TDB)
Country	Africa, regional
Start Date	Sep 30, 2008
End Date	Jun 04, 2029
Duration	7,552 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59563`

Grant Description

China Development Bank provides $50 million line of credit agreement to Southern African Trade and Development Bank for on-lending purposes In September 2008, China Development Bank signed a $50 million line of credit agreement with Southern African Trade and Development Bank (TDB, also known as the Trade and Development Bank, formerly the PTA Bank).

According to the annual report, the credit will help in "augmenting the Bank’s resource capacity in order to fund more projects in its Member States." As of December 31st, 2008, $18 million of the facilities had been used.

By December 31st, 2013, the full amount, totaling to $54,721,414 had been withdrawn, with a maturity date of March 2020 and $3,271,429 due within one year.

📋 Staff Comments

The discrepancy between the $50 million initial value and the 2013 $54 million drawn down amount reflects the inflation rate during that period.

📚 Sources & References

TDB Annual_Report_2008
TDB Annual_Report_2013
PTA Annual Report 2009
PTA Annual Report 2010
PTA Annual Report 2011
Annual Report & Financial Statements 2012 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.